Announced
Completed
Financials
Sources
Tags
Private
Venture Capital
Minority
E-commerce
e-commerce platform
Thailand
Private Equity
Completed
Acquisition
Cross Border
Friendly
fintech
Synopsis
Charoen Pokphand, a holding company, led a $150m Series C funding round in Ascend Money, a fintech company. Bow Wave Capital, an investment firm, and Ant Group, a digital payment platform, also participated. Ascend Money will use the proceeds to grow its e-wallet application – TrueMoney Wallet – and expand its digital financial services ranging from digital lending and digital investment to cross border remittances in Southeast Asia.
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